SELF TEST QUESTIONS

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1.1

  1. State four items of data that would normally be captured when a transaction is recorded.
  2. State the three components of an accounting system, and give one example of each component.

1.2

  1. State three advantages of computerised accounting.

2.1

  1. State three disadvantages of computerised accounting.

22

  1. What is cloud accounting?

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3.2

  1. Explain what block and hierarchal coding systems are.

3.3

  1. What is a chart of accounts?
  2. B What is the difference between batch processing and real-time processing of transactions?

4.1,4.2

EXAM-STYLE QUESTIONS

  1. Which of the following is a disadvantage of computers?
    • A Speed
    • B Accuracy
    • C Vulnerability
    • D File storage and processing

For suggested answers, see the 'Answers' section at the end of the book